Giants legend eyeing minority ownership stake in franchise

The Giants announced that they were looking to sell a “minority, non-controlling” ownership stake in the team in February. Now, a franchise legend is interested buying into his former team.

Eli Manning is putting together a bid for the available shares in the Giants, according to Gillian Tan and Randall Williams of Bloomberg, looking to become the next former NFL player to become part-owner of a franchise. Tom Brady, who famously lost Super Bowls to Manning’s Giants in 2008 and 2012, became a minority owner of the Raiders last year.

Previous reports have indicated that the Giants would sell as much as a 10% stake. Forbes valued the franchise at $7.3 billion last August, suggesting that a new investment group would need to raise at least $730M.

Manning has $232.5M in career earnings, per OverTheCap, plus millions more from endorsements and business ventures, but he will still need deeper pockets to afford that price tag. He has spoken to other NFL players, per Bloomberg, and could also look for interest at Brand Velocity Group, a private equity firm in which he is a partner.

Here are some more Giants-related notes...

• New Giants edge-rusher Abdul Carter is “ready to go” for rookie mini-camp and OTAs, per ESPN’s Jordan Raanan. The No. 3 pick was rehabbing injuries to his foot and shoulder during the pre-draft process, but will be able to participate in team activities this spring.
• The Giants are planning to move 2022 first-rounder Evan Neal to guard, according to Paul Schwartz of the New York Post. This confirms a previous report from Raanan that the 24-year-old was “destined” to slide inside. New York declined to pick up his fifth-year option last week and are hoping the position switch will salvage the last year of his rookie contract. Neal last played guard as a true freshman at Alabama in 2019 and has since played exclusively tackle. His struggles blocking out in space in the NFL may be covered up on the interior, where his natural size and strength can play a bigger factor.
• 2024 second-rounder Tyler Nubin underwent ankle surgery this offseason after an injury sidelined him for the last few games of the 2024 regular season, per Schwartz. His 98 tackles as a rookie ranked second on the Giants despite appearing in just 13 games.